Sunday, October 13, 2019

Peter Schiff: The Dollar is Going to Get Killed


Money manager Peter Schiff says, ““It’s more politically expedient to take the printing route, especially because nobody believes they are going to destroy the currency. 

They think they are going to print enough money to reduce the value of the debt enough to make everything go away. 

It’s like trying to get a little bit pregnant, which is impossible to do. So, once they start monetizing debt in that way, then that’s it. The dollar is going to get killed. 

That’s where we are headed. That’s the only thing that hasn’t happened yet. Gold has broken out. Gold is over $1,500 per ounce, and it is hitting record highs in most currencies. 

Not in the dollar, yet. The dollar is still relatively strong against other fiat currencies, but the fact it is this weak against gold shows you there is a lot of underlying weakness in the dollar that has yet to manifest, but that is going to happen. When the dollar starts to fall, that’s going to take the bond market down with it.

- Source, USA Watchdog

Thursday, October 10, 2019

Peter Schiff: How Government Inflated the Student Loan Bubble


As I surmised, when I recorded my podcast on Wednesday, it seems pretty clear that the Federal Reserve has already returned to quantitative easing. 

And that didn't take long, because they just ended QT (quantitative tightening) and they've already begun QE. Although, the Fed is not going to admit that that's what they're doing. 

Apart from proving me right, which was one of my forecasts from the very beginning, even before the Fed was talking about ending QE, I said they could never end it before they even started it.

- Source, Peter Schiff

Sunday, October 6, 2019

Peter Schiff: Gold and Silver Market Manipulation Explained


Peter Schiff discusses JP Morgan precious metals traders charged with manipulating gold and silver futures.

- Source, Peter Schiff

Wednesday, October 2, 2019

Peter Schiff: Gold to Decouple from Treasuries


It was pretty quiet today in the equity markets; the Dow Jones managed to inch up 37 points, closing at 27,219 but, you know, how we're less than 200 points away from a new all-time record high in the Dow Jones.

But the real action today was in the bond market. If you're suspicious on this Friday the 13th, and you were looking for bad luck, that's where you would have found it, if you were long the bond market. 

Now, I've been talking about this bond market bubble for a long time - it's been inflating for a long time. 

Whether or not it's actually popped, well, we'll have to wait a little longer to find out. But the carnage in the bond market that I mentioned on my last podcast has continued, with bonds continuing to suffer.

- Source, Peter Schiff